ZIP Code · IL

ZIP 61606

Part of Peoria, IL

Pop. 6,684·Peoria County·163rd most expensive ZIP in Illinois

Median rent (all units)

$1,510/mo

Year-over-Year

Stable

Month-over-Month

+0.1%

vs US Median

-$422

Reported rents

Stable (Monthly)

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ZIP 61606 · $1,510

More affordable than 72% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$740

1 BR

$800

2 BR

$1,010

3 BR

$1,310

4 BR+

$1,410

Research median

$1,010/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($39,196) is $980 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($800); a 2-bedroom is $1,010.

Cheaper nearby

ZIP 61605, 2 miles away, rents for 43% less ($856/mo), about $7,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 61606. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,120/yr

At $1,510/mo median

Location

CityPeoria

StateIL

CountyPeoria County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 61606 (Peoria, IL) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 35.8% of residents hold a bachelor's degree or higher.

Population

6,684

Median income

$39,196

Median age

23.4

Renters

57.9%

Age distribution

12.2%

53.5%

17.7%

Under 1812.2%

18–3453.5%

35–5417.7%

55–648.2%

65+8.3%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

67.9%

17.9%

White67.9%

Black17.9%

Hispanic8.4%

Asian3.9%

Other1.8%

Education (25+)

25.4%

30.7%

35.8%

No HS diploma8%

HS diploma25.4%

Some college30.7%

Bachelor's+35.8%

Housing tenure

42.1%

57.9%

Owner42.1%

Renter57.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 61606 in Peoria, IL has changed in 5 years

Income

$45,862 → $39,196

down 14.5%

Population

7,697 → 6,684

down 13.2%

Renter share

55.1% → 57.9%

+2.8 pts

Bachelor's+

37% → 35.8%

-1.2 pts

On the earnings side, the typical household in ZIP 61606 in Peoria, IL now reports about $39,196, up from $45,862 in 2021. The population has contracted by 13.2% since 2021, moving from about 7,697 residents to roughly 6,684. Renters now make up 57.9% of households, compared with 55.1% five years ago.

Community

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Local insights

Tips for renters in ZIP 61606

About renting in ZIP 61606

Last updated: September 25, 2026

ZIP code 61606 covers Peoria, IL. The median rent here is $1,510/mo as of September 2026. A 1-bedroom rents for a median of $800/mo. A 2-bedroom rents for a median of $1,010/mo.

At 46% of local median household income ($39,196/yr), ZIP 61606 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 61606?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,510/mo in ZIP 61606. The local median household income is $39,196/yr, so the typical household falls short of that bar.